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As seen in: Pioneer Newz, Pandaily (China)
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Articles

Alibaba’s Singles’ Day sales see strong demand for designer toys, pet products

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By Tags Alibaba, Simon Misrani
| Pioneer Newz
Alibaba’s Singles’ Day sales see strong demand for designer toys, pet products Alibaba Group Holding has highlighted strong demand for emerging product categories such as designer toys and pet products during the Singles’ Day shopping festival, in the latest sign of a recovery in consumer sentiment in the world’s second-largest economy.
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ByteDance's Zhang Yiming Becomes the First Self-Made Chinese Billionaire Born in the '80s

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By Tags Alibaba, Jack Ma, French billionaire, Xavier Niel
| Pandaily (China)
On Tuesday, the Hurun Research Institute released the 2024 Rich List. 1,094 entrepreneurs with personal wealth above 5 billion yuan made it onto this year’s Hurun Rich List, a decrease of 12% (147 people) from last year. The total wealth of the listed entrepreneurs is 21 trillion yuan, down 10% from last year. The number of entrepreneurs with a wealth of over 100 billion yuan decreased by 4 from last year, to 26.
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Tongyi Qianwen's Flagship Model Qwen-Long Announces A 97% Price Reduction

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By Tags Alibaba
| Pandaily (China)
ByteDance officially released the Doubao large model on May 15th, announcing that the price of the large model has entered the “cent era,” claiming to be “99.3% cheaper than industry standards. Today, Alibaba Cloud followed suit and dropped a bombshell: the flagship model Qwen-Long of the GPT-4 level announced a price reduction. The API input price decreased from 0.02 yuan/thousand tokens to 0.0005 yuan/thousand tokens, a decrease of 97%.
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